West Michigan Realty of Holland is there for sellers needing to execute a short sale Holland, Michigan

Is it time to short sell your home?

Not sure what a short sale is? A short sale happens when you owe more than what the house will possibly sell for. This could be caused by many reasons, but often is a result of a rapidly declining real estate market.

For many homeowners, a short sale is an ideal way to avert foreclosure or bankruptcy when they can negotiate with the lender to forgive the difference.

How to do a short sale:

First, assess the true market value of your house. Since hiring a licensed appraiser may not fit your already tight budget, an experienced local real estate professional that knows the current conditions of the Holland real estate market is the best way to get a realistic estimate of what your home could sell for.


	Holland homeowners who are upside down on their mortgage and need results fast can rely on the expertise of West Michigan Realty of Holland to guide them through the short sale process. Contact us today for a free consultation.

Next, determine your closing costs. The experienced REALTORS^® at West Michigan Realty of Holland will take into account fees like title report, appraisal, escrow, property taxes, and agent commissions to estimate your final costs at closing.

Finally, call your lender and tell them of your situation. They may even have a specific department that deals with short sales. Ask about their particular process. Some lenders will be more willing to work with you than others. They may be able to reduce how much you owe or make other arrangements. Your lender will have to give consent for the final sale.